Marc Faber: Not Even Gold Will Be Able To Save You From What Is ComingSubmitted by Bob-45 on Wed, 03/27/2013 - 21:43
Matthew Boesler | Mar. 27, 2013, 4:53 PM | 138,291 | 74
The Price Of Gold Doesn't Matter
Marc Faber, who authors the Gloom Boom & Doom newsletter, is usually pretty bearish on stocks and bullish on gold.
Lately, though, gold doesn't seem like it can catch a bid.
"Despite the continued reverberations regarding the Cyprus bailout and its involvement of bank deposits, gold struggled to maintain the positive momentum created in the first two weeks of March and instead now looks very likely to move lower, towards $1580/oz," wrote Deutsche Bank commodities analyst Xiao Fu in a note this morning.